It was nearly a 12 months in the past when FIS acquired embedded finance startup Bond. CEO Roy Ng and far of the workforce stayed on at FIS.
Right now, we realized concerning the fruits of this integration. FIS has introduced the launch of Atelio by FIS, its new embedded finance platform.
What does this new platform do? In line with the press launch, companies can use Atelio to “create monetary experiences akin to gathering deposits, shifting cash, issuing playing cards, sending invoices, or leveraging the platform’s instruments to combat fraud, forecast money flows, or higher perceive buyer habits.”
So, that’s quite a bit. Bond was initially centered on credit score merchandise however clearly FIS needed to go to market with a extra full suite of embedded finance instruments.
FIS mentions three shoppers utilizing Atelio: KeyBank, Faculty Ave, and RoyalPay. However it is usually focusing on companies exterior of monetary companies. On its house web page, Atelio says that it “permits companies to simply embed monetary companies.”
That is on the coronary heart of the embedded finance motion. Fintech software program that’s so easy any enterprise can supply monetary companies merchandise.
Featured
> FIS Launches Embedded Finance Platform for Monetary Establishments and Companies
FIS has launched an embedded finance platform designed to be used by monetary establishments, companies and software program builders. The brand new “Atelio by FIS” platform may also help any firm accumulate deposits, transfer cash, subject playing cards, ship invoices, combat fraud, forecast money flows and higher perceive buyer habits.
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